SOBHA LIMITED Announces Quarterly Results (2QFY20); Net Profit Up 9.1%

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Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

SOBHA LIMITED Announces Quarterly Results (2QFY20); Net Profit Up 9.1%
Tue, 12 Nov

SOBHA LIMITED has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

SOBHA LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,70011,7677,839-33.4%17.0%
Other incomeRs m6216419921.3%221.0%
TurnoverRs m6,76211,9318,038-32.6%18.9%
ExpensesRs m5,1859,4925,265-44.5%1.5%
Gross profitRs m1,5152,2752,57413.1%69.9%
DepreciationRs m1541751781.7%15.6%
InterestRs m5328401,66798.5%213.3%
Profit before taxRs m8911,424928-34.8%4.2%
TaxRs m277518258-50.2%-6.9%
Profit after taxRs m614906670-26.0%9.1%
Gross profit margin%22.619.332.8
Effective tax rate%31.136.427.8
Net profit margin%9.17.68.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 17.0% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit increased by 69.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 2QFY20 as against 22.6% in 2QFY19.
  • Depreciation charges increased by 15.6% and finance costs increased by 213.3% YoY, respectively.
  • Other income increased by 221.0% YoY during the quarter.
  • Net profit for the quarter increased by 9.1% YoY. Net profit margins during the quarter declined from 9.1% in 2QFY19 to 8.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.5% QoQ during the same period.
  • The company's operating profit increased by 13.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 2QFY20 as against 19.3% in 1QFY19.
  • Net profit for the quarter declined by 26.0% QoQ, while net profit margins increased from 7.6% in 1QFY19 to 8.3% in 2QFY20.

To see how SOBHA LIMITED has performed over the last eight quarters,please visit here.

SOBHA LIMITED Share Price Performance

Over the last one year,SOBHA LIMITED share price has moved down from Rs 449.9 to Rs 427.4, registering a Loss of Rs 22.5 or around 5.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,171.0 (up 0.8%). Over the last one year it has moved up from 1,734.5 to 2,171.0, a gain of 436 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 427.4, the price to earnings (P/E) ratio of SOBHA LIMITED stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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